New York S07424 sets a minimum reimbursement rate for state-funded SUNY programs and allows state agencies to fund such programs for administrative.
New York S07424 amends the state finance law to ensure that state-funded programs conducted by the State University of New York (SUNY) are reimbursed at least 26% of their direct costs. Additionally, it permits state agencies to fund SUNY programs if they determine that such funding would lead to administrative efficiencies or cost savings. This bill aims to provide financial stability to SUNY programs while also encouraging cost-effective administrative practices.
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